TORONTO, ON / ACCESSWIRE / March 15, 2019 / Kontrol Energy Corp. (CSE: KNR, OTCQB:
KNRLF, FSE:1K8)
("Kontrol" or "Company") announces that the board of directors has approved the grant of 145,000
stock options to directors, officers, and employees (the "Options", individually an "Option")
related to 2018 performance compensation.
The Options are governed by the stock option plan of the Company, dated October 6, 2016 as currently in force.
Each Option is vested immediately and entitles the holder to purchase one common share of the Company at a price of $0.80 per
common share until March 15, 2022. The Options are subject to applicable regulatory filings and approval.
All securities issuances contemplated herein shall be subject to any statutory or regulatory requirements with respect to hold
period and compliance with all rules and policies of the CSE.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is
a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition
strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to
reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and
Maclean's.
Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com
For further information, contact us at admin@kontrolenergy.com Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON L4K
1X8 Tel: 905.766.0400, Toll free: 1.844.566.8123
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
Certain information included in this press release, including information relating to future financial or operating
performance and other statements that express the expectations of management or estimates of future performance constitute
"forward-looking statements". Such forward-looking statements include, without limitation, statements regarding the Offering,
possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, the
provision of solutions to customers and greenhouse gas emissions reductions, proposed financial savings and sustainable energy
benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results,
such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions
include, without limitation, that the Offering will be successful, that suitable businesses and technologies for acquisition and/or
investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will
be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others.
However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but
are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable
terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will
not prove as effective as expected that customers and potential customers will not be as accepting of the Company's product and
service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue
reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are
expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at
the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements
or any forward-looking statements contained in any other documents whether as a result of new information, future events or
otherwise, except as required under applicable securities law.
SOURCE: Kontrol Energy Corp.